Here’s just how to refinance figuratively speaking, the bottom line is: Find loan providers which will give you a reduced rate of interest. Compare them. Apply.
If you’re authorized, the brand new loan provider will repay your current lender. Going forward, you’ll make month-to-month payments towards the brand new loan provider.
However everybody should refinance. Refinancing federal figuratively speaking renders them ineligible for federal federal government programs like income-driven payment and federal loan forgiveness.